Hole Prec*
800 Seymour Street
Kamloops, BC
Canada V2C 2H5
Details
| Address | 675 Moraine Court |
| Area | Central Okanagan |
| Sub Area | RS - Rutland South |
| State/Province | British Columbia |
| Country | Canada |
| Price | $1,600,000 |
| Property Type | Single Family - Detached |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Half Baths | 1 |
| Floor Space | 2834 Square Feet |
| Lot Size | 0.47 Acres |
| Waterfront | No |
| Year Built | 1968 |
| Taxes | $5,237 |
| Tax Year | 2024 |
| MLS® # | 10318295 |
Located on a quiet street in the desirable Spring Valley neighbourhood, this sizeable 0.47 acre lot is the perfect site for your future townhouse development. The city supports rezoning this parcel to MF2 to accommodate up to 20,400sq ft GFA (Base FAR: 1.0). At two stories in height, this property can comfortably accommodate 14x 1,300sq ft townhouses, but greater density could be achieved if building up a 3rd story (up to FAR: 1.3 possible w/ Public Amenity or Rental Bonus). The existing house and sizeable workshop will provide solid rental income while you are perfecting your development plans, and proximity to shopping, restaurants, schools, parks, Mission Park Greenway, Orchard Park Mall, Costco, public transit, and much more will aide your future development in being a big success! The Property Transfer Tax Exemption on new construction means that a buyer can purchase a $650k townhouse with less than $45k down if they included the GST in their mortgage, and the upcoming change allowing high-ratio mortgages to amortize new construction over 30 years could result in said buyer’s mortgage payment being less than $3k/mo (assuming 3.5% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the size and shape of this lot affords considerable flexibility to realize your own development vision.
Listed by CENTURY 21 ASSURANCE REALTY LTD
Location
About
Melissa was born and raised in the North Thompson area, at the gateway of Wells Gray Park in Clearwater. When she turned 10 she began figure skating day after day and eventually started competing throughout the province. Very dedicated to this sport she graduated high school and auditioned for Disney on Ice. Melissa was accepted right away and was off to go touring, leaving for Florida and continued on skating with Disney for 3 years. She travelled all over North America, Japan, Mexico, and Australia performing for audiences as large as 10,000 people. While she was away living out of a suitcase and staying in hotels week after week, she began to realize how important "home" really was. She purchased her first investment home the second year she toured, knowing that her hard earned money was being spent wisely. This was the beginning of a new career. Melissa ended her career with Disney and decided she had a new passion. A new passion for real estate. Melissa actively sells Real Estate in the North Thompson/Kamloops & surrounding areas and is very committed to making the purchase or sale of your home easy, worry free and successful. Over the years of being very dedicated to her career, Melissa has had the opportunity to work with all types of transactions, including Court Ordered Sales, Foreclosures, Estate Sales, Farms, Recreation Properties, Commercial, Strata, & standard Residential. She takes pride in always upgrading her education & knowledge for every complex transaction that comes her way. Melissa strives to build long lasting relationships with her clients and looks forward to working with new clients everyday. Melissa always says "It's a lifestyle, not a job!".
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